IZICO, owned by the Dutch private equity fund Egeria’ and manufacturer of frozen convenience food products, yesterday announced the acquisition of Daloon A/S, the Nyborg based fellow manufacturer of frozen convenience food products and famous for their spring rolls.

The acquisition will strengthen IZICO’s position in Scandinavia , broaden the existing range of Meat-Free products, and present IZICO with the opportunity to continue developing  foreign markets with product innovation using Daloon’s existing networks and vice versa.

Daloon’s Group Managing Director Hemming Van  will step down when the acquisition is completed.

The deal is subject to  German merger control approval and is expected to close  in January 2016.

Daloon was founded in 1960 by Sai-chiu Van and continued by his son Hemming Vam. Daloon’s core business lies in Asian ethnic snacks, such as spring rolls, and Meat-Free products. Daloon also manufactures various Oriental snack specialities and Danish specialities. Daloon sells its products across Europe, with a particular strength in the UK, Germany and Scandinavia. It also exports to France, Spain, Austria and Switzerland.

IZICO is a part of the Dutch private equity fund Egeria’s portfolio. IZICO is one of the largest suppliers of frozen snacks, including frikandels (meat rolls), hamburgers, mini snacks, spring rolls and bread-based snacks. Besides its own branded snacks IZICO also manufactures good quality Private Label snacks for the entire European market, aimed at the Retail, Foodservice and Industrial sectors.

Bruun & Hjejle acted as legal counsel to IZICO/Egeria.